Best Banks for Used Car Loan in Kullu
Feature |
HDFC Bank |
Private Bank |
Kotak Mahindra Bank |
Interest Rate |
8% - 8.4 % |
8.5 - 9.5 % |
11% |
Min Loan Amt |
Metro : 1 Lac & Non Metro: 75000 |
75000 |
75000 |
Max Loan Amt |
1 Cr |
1 Cr |
1 Cr |
Loan Tenure |
Upto 7 Years |
Upto 5 Years |
Upto 5 Years |
Processing Fee |
1999 - 4999 + Tax |
0.25% to 1.50% |
0.25% to 1.50% |
Preclosure Chgs |
2%, Nil after 24 months |
2%, Nil after 36 months |
Nil |
Loan to Value (LTV) |
Upto 100% on Ex- showroom |
Upto 95% on Ex- showroom |
Upto 90% on Ex- showroom |
Used Car Loan Kullu Features
A Used Car Loan Kullu can support you to get the simplest car at pocket-friendly rates and could be advice offered to the lean seekers by banks and NBFCs; the features for used car loan Umred are Dialabank:
- Flexible payment of instalment tenures ranging from twelve months to ease the burden.
- Car loan maturity age shall not exceed 10 years, with 60 months of the maximum loan tenure.
- Take 85% benefit on the worth of the car as a loan for five years with no financial proof verification.
- Personalized facility for consultation provided by our extremely trained specialists to settle on a car that meets your desires.
- You may additionally borrow up to 100% of the worth of the automotive to the worth of 3-6 times your annual earnings.
- Enjoy easy documentation with a doorstep service for our customers.
- Convenient and customised repayment plans on the market with the simply collectable instalments.
*Terms and Conditions Apply
Used Car Loan Kullu Interest Rates
Check the latest interest rates of used car loan at dialabank
Bank
|
Processing Fee
|
Prepayment Charges
|
HDFC Bank Car Loan
|
(1999 - 4999) + Tax
|
2%, Nil foreclosure charges after 24 months
|
Axis Bank Car Loan
|
1 % to 2.50%
|
Nil
|
Private Bank Car Loan
|
0.25% to 1.50%
|
2%, Nil foreclosure charges after 36 months
|
SBI Car Loan
|
500/- to 0.50%
|
Nil
|
Kotak Car Loan
|
1% to 2%
|
2.25% of fore closure amount if closed 1 month ahead of the tenure.
|
IIFL Car Loan
|
Nil
|
Nil
|
Muthoot Car Loan
|
Nil
|
Nil
|
Manappauram Car Loan
|
Nil
|
Nil
|
PNB Car Loan
|
0.70% to 1%
|
Nil
|
Canara Bank Car Loan
|
1%
|
Nil
|
Andhra Bank Car Loan
|
Nil
|
Nil
|
To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates
Used Car Loan Kullu Documents Required
These are the documents required for used Car loan-:
For Salaried Individuals:
For Identity and Address Proof:
- Passport Copy
- Driving license
- The letter assigned by the National Population Register mentioning name & address
- Voters ID Card
- Job card provided by NREGA
For Income Proof:
- Latest Salary Slip
- Bank Statements for the last 6 months
- Latest Form 16/ Latest Income Tax Return
For Signature Verification Proof:
- Driving License
- Credit Card Statement and its Copy
- Verification of the Banker
- Copy of Margin cash paid to the Bank
- Passport Copy
For Self Employed**:
Identity and Age proof: Certificate of Incorporation/ Memorandum and Articles of Association.
Income proof: Latest Income Tax Return and audited balance sheet with profit & loss account details.
For Sign Verification Proof:
- Credit Card Statement and its Copy
- Copy of Marginal cash paid to the Bank.
- Passport Copy
- Verification of the Banker
- Driving License
For Address Proof:
- Telephone Bill
- Electricity Bill
- Memorandum and Articles of Association
- Certification of Incorporation
**The following firms are also applicable for a Used Car Loan Kullu:
- Sole Proprietorship
- Partnership Firms
- Private Limited Companies
- Public Limited Companies
Used Car Loan Kullu Eligibility Criteria
This is the eligibility criteria needed for used car loan:
The following people are eligible to apply for a Pre-Owned Car Loan in Kullu city:
Salaried Individual:
- Minimum Work Experience: People who have job experience for a minimum of 2 years and a minimum of 1 year with the current employer.
- Minimum Earning: People earning a minimum of Rs. 2.5 lakhs yearly, the income of the spouse can be considered as included with the candidate’s income.
- Age Limit: People having the age of 21 years when applying for the loan, and a maximum of 60 years of age at the time of the loan maturity.
- Professionals including a doctor, CAs, private limited company employee, employees from public sector undertakings including central, state, and local bodies.
Self Employed***:
- People who own a private company in the business of manufacturing, trading, or service undertakings.
- Rs. 2.5 lakhs per year should be a minimum remuneration.
- People who have an office landline number.
***The following group of companies are also eligible for a Used Car Loan Kullu:
- Sole Proprietorship
- Partnership Firms
- Public Limited Companies
- Private Limited Companies
Used Car Loan for Major Car Manufacturers in Kullu
TABLE WILL APPEAR
Processing Fees / Prepayment Charges on Used Car Loan Kullu
Category
|
Details
|
Processing Charges
|
1999 - 4999 + Tax
|
Prepayment
|
No prepayment is allowed until 12 EMIs are paid
|
Preclosure
|
No foreclosure is allowed until 12 EMIs are paid
|
Prepayment Charges
|
13-24 months: 2% of loan principal outstanding
|
>36 months: Nil Charges
|
|
Stamp Duty
|
As per state laws
|
Cheque Bounce Chgs
|
₹ 550/chq + GST
|
Floating Rate of Interest
|
Not Applicable
|
Overdue EMI Interest
|
2% p.m.(on overdue amount)
|
Amortisation Schedule Chgs
|
Rs 200 + GST
|
Pre Calculated EMI Table for Used Car Loan Kullu
Rate |
5 Yrs |
4 Yrs |
3 Yrs |
10.50% |
2149 |
2560 |
3250 |
11.00% |
2174 |
2584 |
3273 |
11.50% |
2199 |
2608 |
3297 |
12.00% |
2224 |
2633 |
3321 |
12.50% |
2249 |
2658 |
3345 |
13.00% |
2275 |
2682 |
3369 |
13.50% |
2300 |
2707 |
3393 |
14.00% |
2326 |
2732 |
3417 |
14.50% |
2352 |
2757 |
3442 |
15.00% |
2378 |
2783 |
3466 |
Used Car Loan EMI Calculator Kullu
About Kullu
Kullu is the administrative headquarters of the Himachal Pradesh state of India.
Note-: Check your CIBIL score for used car loan at dialabank
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